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Mccommons-Korlick Memorial Trust is a private trust based in CEDAR FALLS, IA. The foundation received its IRS ruling in 2015. The principal officer is Lincoln Savings Bank. It holds total assets of $223K. Annual income is reported at $8K. Total assets have decreased from $353K in 2014 to $223K in 2024. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2016 to 2024. Grantmaking is concentrated in Iowa. According to available records, Mccommons-Korlick Memorial Trust has made 18 grants totaling $82K, with a median grant of $4K. The foundation has distributed between $16K and $32K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $32K distributed across 8 grants. Individual grants have ranged from $4K to $8K, with an average award of $5K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$5K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Mccommons-Korlick Memorial Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in IA.
Mccommons-Korlick Memorial Trust has distributed a total of $82K across 18 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $4K to $8K.
The application deadline is Between February 1 and May 1 of each year.. Be a member of the current graduation class or past graduate of the Gladbrook-Reinbeck High School and must have plans to major in medicine, pharmacy, nursing, dentistry, or any of the other medical arts. Recipient(s) will be selected based upon need, general character, and probability of success. Applicant's scholarship record and record of achievement shall be considered in making the award.
Mccommons-Korlick Memorial Trust is headquartered in CEDAR FALLS, IA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lincoln Savings Bank | Trustee | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$223K
Fair Market Value
N/A
Net Worth
$223K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
18
Total Giving
$82K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
10
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Megan CooleyAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Grundy Center, IA | $5K | 2023 |
| Stephanie KehoeAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Iowa City, IA | $4K | 2023 |
| Madisyn EggersAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $4K | 2023 |
| Reagan SkovgardAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $4K | 2023 |
| Karlie RickertEXEMPT SCHOLARSHIP | Reinbeck, IA | $4K | 2022 |
| Lauren BystrickyAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $4K | 2022 |
| Audrey LeyenAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Waterloo, IA | $8K | 2021 |
| Olivia CharleyAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $5K | 2020 |
| Alexis WrageAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $4K | 2020 |
| Megan SwansonAssisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | Reinbeck, IA | $4K | 2020 |